Singapore cuts 2003 growth forecast to 0.5%-2.5%


  • Business Premium
  • Friday, 18 Apr 2003

Singapore yesterday cut its official 2003 economic growth forecast to 0.5%–2.5% from 2%–5%, citing the impact of the deadly Severe Acute Respiratory Syndrome (SARS) virus. 

“SARS will significantly impact our economy. Our previous estimate of 2% to 5% GDP (gross domestic product) growth for 2003 is no longer realistic,” the Finance Ministry said in statement announcing the revised forecast. 

Article type: metered
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights
   

Next In Business News

EPF branches in KL and Labuan to close on Dec 3 Premium
Grab's Nasdaq debut to set tone for Southeast Asian tech listings Premium
Asian shares tick up, U.S. and European futures diverge on Omicron jitters Premium
Bank Negara and all banks in KL to remain open on Dec 3 Premium
MyPay partners Pusat Pungutan Zakat-MAIWP for cashless zakat payments Premium
FBM KLCI stays subdued amid growing headwinds Premium
China's Kaisa struggles for relief from bond holders as default risk looms Premium
China property market to keep cooling into H1 2022 on tight curbs Premium
IATA: Global air cargo demand up 9.4% in October Premium
Register for Malaysia’s Growth Champions Premium

Others Also Read


Vouchers